Among the nine listed banks, Sài Gòn-Hà Nội Bank (SHB), Asia Commercial Bank (ACB), Military Bank (MBB) and Bank for Investment and Development of Việt Nam (BID) were the four gainers.

PetroVietnam Gas (GAS), PetroVietnam Drilling and Well Services (PVD) and PetroVietnam Technical Services (PVS) advanced to push the energy sector up though oil prices were moving sideways ahead of the OPEC meeting later yesterday.

Other large-cap, mid-cap and penny stocks also contributed to the market gains, including brewer Sabeco (SAB), gas station operator Petrolimex (PLX) and property developer An Dương Thảo Điền JSC (HAR).

Vietnam Investment Securities Company (IVS) said in its Monday report that the market’s gains were attributed to the increases of the three major stocks PLX, SAB and GAS.

However, large-cap stocks in the VN30 Index only contributed VNĐ1.7 trillion worth of trading value, or one-third of the market’s total figure, meaning that these large-cap stocks were not the only reason that helped local stocks grow yesterday, IVS said.

Investors switched to making investments in mid-cap and penny stocks, which is a positive signal for the market as it proved that there was a balance among local stocks on the day, the brokerage firm added.

That balance would help the market avoid a deep decline from the level of 790 points if the indices lose their steam on Tuesday, the brokerage firm said. — VNS